OPEN-SOURCE SCRIPT
Updated Michael's EMA and MA in an Oscilator
This indicator uses Michael's EMA 12/21 and SMA 50 strategy but in an oscillator .
The SMA line crossing the EMA line can help you spot trend direction .
The SMA line can also form Divergences compared to price .
PLEASE USE THIS INDICATOR ONLY FOR CONFLUENCE TO YOUR OWN STRATEGY .
The SMA line crossing the EMA line can help you spot trend direction .
The SMA line can also form Divergences compared to price .
PLEASE USE THIS INDICATOR ONLY FOR CONFLUENCE TO YOUR OWN STRATEGY .
Release Notes
Changed Line's names to be easier to understand on the options TabOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.